Axiom Investors LLC DE Reduces Holdings in First Financial Bankshares, Inc. $FFIN

Axiom Investors LLC DE decreased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 32.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436,345 shares of the bank’s stock after selling 209,987 shares during the quarter. Axiom Investors LLC DE’s holdings in First Financial Bankshares were worth $13,034,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of First Financial Bankshares during the fourth quarter worth about $30,000. Quarry LP grew its holdings in shares of First Financial Bankshares by 66.3% during the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after purchasing an additional 409 shares during the last quarter. Danske Bank A S grew its holdings in shares of First Financial Bankshares by 200.0% during the fourth quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after purchasing an additional 800 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of First Financial Bankshares during the third quarter worth about $50,000. Finally, State of Wyoming purchased a new position in shares of First Financial Bankshares during the second quarter worth about $54,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Stock Up 1.3%

NASDAQ FFIN opened at $33.12 on Wednesday. First Financial Bankshares, Inc. has a 52-week low of $28.11 and a 52-week high of $38.74. The business’s 50-day moving average price is $31.75 and its 200 day moving average price is $31.56. The firm has a market cap of $4.75 billion, a P/E ratio of 18.00 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.The firm had revenue of $166.89 million for the quarter, compared to analyst estimates of $166.78 million. During the same quarter last year, the company posted $0.43 earnings per share. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a dividend of $0.22 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. First Financial Bankshares’s dividend payout ratio is 41.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FFIN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. Keefe, Bruyette & Woods lowered their price target on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Financial Bankshares currently has an average rating of “Hold” and an average price target of $37.33.

Insider Buying and Selling

In related news, Director Murray Hamilton Edwards purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $29.32 per share, with a total value of $29,320.00. Following the completion of the acquisition, the director directly owned 43,634 shares in the company, valued at $1,279,348.88. This represents a 2.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Geoff Haney acquired 1,500 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $29.18 per share, with a total value of $43,770.00. Following the transaction, the director owned 33,646 shares of the company’s stock, valued at $981,790.28. This trade represents a 4.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 4,164 shares of company stock valued at $123,571 over the last quarter. 3.80% of the stock is currently owned by insiders.

First Financial Bankshares Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.